Why Businesses Must Align Master Data Management and Governance
In a world driven by data, organizations must look beyond simple storage and focus on strategy. The synergy between master data management and data governance is essential for maintaining data integrity and business consistency. Master data management (MDM) ensures the centralization and standardization of core business data—like customer, product, and supplier records—across systems. Data governance, on the other hand, provides policies, stewardship, and accountability that ensure proper usage and compliance. Together, they lay the groundwork for quality, security, and trust in data. When these two disciplines are integrated, businesses gain cleaner analytics, enhanced collaboration, and faster decision-making—all while remaining compliant with regulations and internal policies.
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